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. that would mean republicans get big spending cuts in exchange for zero tax increases. the president vowed that that wouldn't happen. tonight let's be an honest broker and make sure he keeps his word. >> i do not see a path to a deal if they don't budge, period. >> president obama drew a line on taxes last week. republicans are running out the clock, and it looks like the president is caving. senator sheldon whitehouse is here. one of the key figures in the news corporate fox hacking scandal is found dead, and there's more trouble in the united states for rupert murdoch. filmmaker robert greenwall on the latest. in psycho talk tonight. >> yes, they have the right to do that. that's not discriminating based upon religion against their particular religion. >> republican presidential hopeful herman cain has a warped understanding of the constitution. more anti-islam remarks from the godfather's pizza man. tonight, he's attacking another candidate on his religion. remember last week everybody was saying, well, the president is in such a good place right now. really? folks, as liberals we need
republicans in this fight than grover norquist. he's here to dish on the debt and deal in taxes. and big money, big problems? mitt romney's campaign is debt free, but where is all that money coming from? we'll tell you why it could add up to a little bit of trouble for the republican front-runner. good morning, it's monday, july 18th, 2011. i'm chuck todd. just 15 days until default day. let's get right to my first reads of the morning. it's a week of public spectacle and private wrangling. efforts to get a big debt deal done has failed. >> when you look in the past at agreements between divided government, it's taken leadership on both sides. it took reagan and o'neil. it took clinton and gingrich. the president is out there. he's willing to do it. he said it in the state of the union, he said it in the budget. the question is, do we have a partner to work with? and i hope the answer to that is yes. >> this week we'll see a two-track process. publicly, leaders will get a few votes out of the way to allow conservatives to get on the record on a balanced budget amendment and set the table that
fitsity still. there's no legislative language. it looks like what could be a pretty big tax increase. the spending cuts i think are highly uncertain. it instructs the various committees of the senate and the house to come up with these spending cuts. we have no assurance that they will do that. we have no idea how they'll do that. then we asked the senate to vote on that. all of which suggests to me there are a number of ways in which this could fall apart. i give these guys all the credit in the world for really struggling and trying to make some progress on a tough issue. there's no assurance that it results in an outcome. if we can't agree on spending cuts now, why should we suppose at the end of this process which after all has been available to us for two years the senate won't even pass a budget, why we think that this will result in real spending cuts is not clear to me. >> the other dynamic here is the mcconnell-reid proposal. that is going to get to the floor at some point. now the idea of being that the gang of six proposal is too late to be scored by cbo to really be put i
. as we all know how it's going to end with the debt ceiling being raised, no real big agreement on spending and taxes, all that's left is a week of political posturing. what would happen politically if no deal was reached and the u.s. did default? would voters blame the president or the economy and republicans? the answer to do could determine who wins the 2012 election. also, the videotape, michele bachmann's husband denying he referred to gas as barbarians despite the tape that indicates differently. we have a full unedited tape on that. that tops our 2012 coverage tonight. >>> the drip of the rupert murdoch scandal continues. first rebeck ka brooks the head of his newspaper operations resigned. then late this afternoon we learn that the ceo of here is stepping down. can murdoch stop the scandal from completing overwhelming his empire. and finally cue mar and in harold and cue mar leaving the white house for a reoccurring role in "how i met your mother." that's in the side show. tonight's question, who's holding up the agreement? congressman chris van hollen is a democratic fr
'm thomas roberts. rupert murdoch will testify at parliament tomorrow, this is the big headline, all over the phone hacking scandal that's rocking his media scandal. meanwhile there was a new arrest of a top exec over the weekend, and now the head of scotland yard and his assistant are resigning. if you're keeping score so far, there have been three high-profile resignations, ten arrests and it is not over yet. jim maceda is live in london to bring us up to speed on this. jim, good morning. >> reporter: hi there, thomas. make that four high profile resignations. just a couple of hours ago scotland yard's number two, john yates, also resigned under increasing, extraordinary, really, pressure. that on the heels on his boss's resignation last night. commissioner paul stevenson, he was the head of scotland yard. he, if you will, fell on his sword and said that he could not in good conscience continue with all the challenges to keep the peace in great britain as he and specifically his relationship with the murdock media empire became such a focus of attention. he was calling it a major distra
. you have a big group of new freshman republican members in the house. they are not budging. they're not listening to just about anybody. it's -- they're going on what they believe is a mandate with this big tea party election in 2010 and they haven't really budged. you're seeing business leaders on wall street saying do something, do anything. this group of freshman republicans aren't really budging. will it have been an impact heez emails and phone calls, who knows. it may mean that house republican leaders have to shift away from what these small group of freshman republicans want. we'll see if it has an impact or not. there's not a whole lot of time left. >> indeed. thank you so much. we will be talking with nbc's chuck todd in a few minutes. >>> the first tropical system of the year has fizzled out. tropical storm don has weakened into a tropical depression. the storm made landfall along corpus christie. it brought little relief to the record breaking heat in the lone star state. here's with your saturday forecast bill karins. good saturday morning to you, bill. >> all the hy
, but if a shrunken version of the boehner big does -- or if they go to an emergency extension, the president will be right back in the same predicament he's in right now. i think a lot of people are upset. they blame the republicans more than the democrats for the gamesmanship, but the fact is the republicans have also backed the president into a corner, even if they're doing it in a way that's not popular. >> i want you to analyze these two possibilities, one the president could give away more of the store, more spending cuts, maybe enough to get us thus this increase. which would make the redhots happy. no tax increase at all. the other possibility is to marry what boehner wants right now with what mcconned was talking about next year, where next year it can be are can be raised by the president, only the house would have to come back with a two thirds veto, so it seems there is a possibility for compromise, but the easiest thing is for the president to throw the whole bomb game, say, you win this year, not next year. >> i don't think he can do >> i don't think he can do that, chris. when
deadline still fast approaching, the big question, will we see any progress so the u.s. will not default on its bills? nbc's mike vick kwer are at the white house. >> reporter: raising interest rates, people not getting checks, veterans affairs, in the course of each and every month. that's what's at stake here, the government would have to start to prioritize and major credit agencies are already talking about downgrading treasury bonds and the wisdom of investing in those. today, more dualing back and forth, the president in his weekly address, orrin hatch speaking for republicans, here's what they had to say about the state of play. >> i don't think oil companies should get tax breaks when they're getting tens of millions of profits. i don't think hedge fund managers should make more in bonuses than their secretaries salary. >> it was a crime of the president to submit and for congress to pass -- the only reason that congressional democrats would refuse to pass it because they know that the people of this country would rise up and quickly ratify it. >> there you see orrin hatch from u
will be here on set with us. >> this is big. >> huge. >> willie, who is going to be number one? are we looking at oklahoma? alabama? >> could be a tie situation. i have to say. we should point out vanderbilt got a great recruiting class. >> they did have a great recruiting class. >> they did. >> my understanding is the average s.a.t. just above 1300. unprecedented. for a co--ed football team. [ male announcer ] get ready for the left lane. the volkswagen autobahn for all event is back. right now, get a great deal on new volkswagen models, including the jetta, awarded a top safety pick by the iihs. that's the power of german engineering. hurry in and lease the jetta s for just $179 a month. ♪ visit vwdealer.com today. but when she got asthma, all i could do was worry ! specialists, lots of doctors, lots of advice... and my hands were full. i couldn't sort through it all. with unitedhealthcare, it's different. we have access to great specialists, and our pediatrician gets all the information. everyone works as a team. and i only need to talk to one person about her care. we're more than 78,000
to the caricature, the republican caricature of the president as a big spender if, in the end, he puts together a deal with speaker boehner that has with it a lot of spending cuts? >> i think that changes certainly for the democrats the argument about the president's spending habits. certainly republicans then would counter with, well, let's look at the $2 trillion spent before speaker boehner and mitch mcconnell and the senate tried to bring some sanity back to the process. you're going to have the political argument continuing into 2012. if you think, michael, this thing is going to end once they sign a bill by august 2nd, no. the hot rhetoric just continues. >> you know this turf well. it puts republicans in a difficult spot to be pointing a finger as to he's such a big government guy if, in the end he 'em bragsed and negotiated a plan with john boehner that calls for the spending cuss being discussed, whether it's $3 trillion or $4 trillion. let me show you something. the president penned something in "usa today." i don't know if you made it to the last line. here is what he said in the las
're going to start with the big event in washington growing more desperate as the august 2nd deadline to raise the debt ceiling approaches. the key question will we see any progress this weekend. this as president obama warns that failure to take action could lead to serious financial fallout. >> we don't need a constitutional amendment to do our jobs. the constitution already tells us to do our jobs. we don't need more studies. we don't need more a balanced budget amendment. we simply need to make these tough choices and be willing to take on our bases. >> the republicans say they have a new long-term fix. a new amendment to the u.s. constitution. let's go straight to aaron mcpike. an issue of what is at stake today. a reporter with real clear pricks. what is this budget amendment? before we get to that, i want to show people what is at stake in terms of the numbers. $23 billion in social security payments. that's a payment that's on the united states' credit card bill. $87 billion that's another number that's being watched. august 15th also will come due $30 billion in interest paym
>>> good wednesday everybody. i'm contessa brewer covering the big news coast to coast. the big story we're watching right now, debt, deficit, downgrade, deadlock. there's six more days until the august 2nd debt default deadline. really, does anybody think there's going to be a deal? >> it can pass the house and pass the senate. i hope the president will consider signing it into law. >> the speaker's proposal cannot pass the senate, will not reach the president's desk. >> another day, another delay as washington tries to come up with a debt deal. today's breaking news a bipartisan group did the math on both the duelling democratic and republican debt plans and both come up short on their projected savings goals. democrats put their bill on hold. while republicans scramble to rewrite theirs. >> things are very fluid. >> today's house vote tabled while gop leaders try to get reluctant freshman on board. >> i want a solution, not a deal. i don't think this goes far enough. >> does this keep us in the battle. >> john boehner has a group of people that believe their way is the correc
with the debt ceiling being raised, no real big agreement on spending and taxes. all that's left now is about a week of political posturing. plus what would happen politically if no deal was reached and the u.s. does default? would voters blame the president for a faltering economy or hold republicans responsible for refusing to make a deal? the answer to that could determine who wins the 2012 election. also, let's go to the videotape. michelle bachmann's husband denying that he ever referred to gays as barbarians, despite the tape that indicates differently, referring to gays as barbarians. we have the full tape on that, and that tops our 2012 coverage tonight. and the drip, drip, drip of the rupert murdoch scandal continues. first, rebecca brooks, the head of newspaper operations on the other side of the pond resigned. and late this afternoon, we learned the ceo of dow jones, which publishes murdoch's "the wall street journal" here in america is stepping down. can murdoch himself stop the scandal completely overwhelming his empire? findly, kumar, as in harold and kumar, is leaving the white
in charge say regardless of the substance of the proposal, it's too big. there is no time to get something this big done before the august 2nd deadline. it literally cannot be passed through the senate in time even if everybody likes it. the other rainbow/sunshine problem here is the president and the senate agreeing on this or anything doesn't get you further towards raising the debt ceiling, it's not just the president and the senate, it's crazy town down the hallway too, it's john boehner's republican house, that likes the idea of the nation defaulting, that thinks the explosion of the economy might be pretty or at least warm for a second. they are not looking for a good deal or achieve particular policy objectives, regardless of what they get, they are not going to vote to raise the debt ceiling. the republicans who are running for president from the house of representatives, for example, are not saying don't raise the debt ceiling unless, don't raise the debt ceiling until, they are saying don't raise the debt ceiling at all. let's see what happens. this is how republican congresswoma
the two minnesotans continues. tim pawlenty went after michele bachmann. >> there's a big difference in talking about things and getting them done. >> this is the third day in a row where we have seen tim pawlenty heat up in his rhetoric against michele bachmann. it's clearly trying to set up the two of them as they go mono on mono for this straw poll. what is interesting, there was a republican debate before the straw poll that takes place in iowa. so instead of everyone going after mitt romney, it's clear that there's going to be a little mini debate going on. all of that in the shadow of what is going on with rick perry and chris christie showing up. lots to go through. we're going to get to that later in the show. let's get to the big story. there's one week left to raise the debt ceiling. two sides feel like they are farther apart than ever. serving on the budget committee, senator, let's start with what is on the table. can you support harry reid's plan as it stands right now in the united states senate? >> no. but i don't think that we're that far apart, chuck. if you take the
's going to play pretty big hardball on this to borrow a phrase, chris. seems to me he really is boehner's back. not just having boehner's back today or boehner's back tomorrow, but he's going to have boehner's back. the question is, can harry reid pry away seven or eight republicans to work with him? where does that happen? at this point i don't think you'll see any movement on a deal publicly, at the earliest, not until sunday. >> is the real fear not that there's a second effort to cut spending a bit more, but the second part of this spending cuts which would come at the end of this year, the vote on that, would actually cut to the bone. go after entitlements, medicare, after things the democrats treasurer jer is that the big fear? i think pelosi, former speaker, now democratic leader, was alluding to that in her very strong statement against the boehner plan tonight? >> reporter: that is one fear. you talk to democrats familiar with the way these negotiations have gone, and they'll say, look, this first $1.2 2r8 trillion, the first round ever cuts they have in their plans are almost
that she could catch fire. look, when you start this thing, when you win iowa, if you win iowa big, that thing starts rolling through new hampshire and south carolina, it's over in weeks. i agree 100%. >> how was she going in philadelphia suburbs? how is she going to do in the i-4 corridor and in wisconsin? how is she going to do in new mexico, arizona? i would suggest, with swing voters not well at all. >> there's no doubt if you nominate michele bachmann, it's an enormous risk. the only conditions, i think, under which i believe she could win the presidency, if people say, if they did in 1980, i don't care, i'm taking a chance with this guy because what we got we can't stand, you get 9% or 10% unemployment, two more years, this country is ready for a lot of change. more "morning joe" in a moment. with the hotels.com 48-hour sale, the possibilities are endless. interesting... save up to 50% this tuesday and wednesday only. hotels.com. be smart. book smart.  finally, there's a choice for my patients with an irregular heartbeat called atrial fibrillation, or afib, that's not cause
, people of the big banks were summoned to the meeting at a federal reserve bank here in new york and cnbc's bertha coombs has details for us. >> investors who buy u.s. treasuries buy them through banks, and this morning the treasury asked those bankers and dealers who help to sell the treasuries to investors to come in and talk about the situation as the debt ceiling limit looms. it was a regularly scheduled meeting, because on wednesday is normally the day that the treasury would announce the next action of debt, but obviously, that comes after the deadline. from bankers we talked to and senior treasury officials, they didn't really outline any contingency plans about what would happen if the debt ceiling deadline is not extended. a number of bankers have told me they anticipate what would happen is that those debt auctions would likely be postponed. we saw it happen back in 1995 when the government was shutdown. it was postponed for several weeks in terms of the auction, because essentially, if the government doesn't have the authority to increase that, then the treasury can't issue mor
anywhere between 80 to 100 members who are saying no. the road to 216 really becomes a big story if this is the deal. >> luke russert, thank you for telling it like it is. >> take care. >> for more on where the debt debate stands, check out the white house with david plouffe. it will reair on "meet the press" on 2:00 p.m. right here. >>> the chairman of the joint chiefs of staff admiral mike mullen told soldiers in kandahar if talks fail they still have to fight but might not get paid. >> plenty of you live paycheck to paycheck if paychecks stop, it can have a devastating impact pretty quickly. >> and then there at camp leather neck, mullen told marines, all services face cutbacks in size and possibly as well in military benefits. >>> as you heard from nbc's luke russert, the reaction is mixed on capitol hill to reports on the white house that the gop has reach aid deal. with signs of dissent on the left and right in the house of representatives. joining me now is eddie berniece from texas. good morning. where do you stand on things this morning? what are you hearing overall? >>
is it shows that the united states system is not set up to do big things. when a crisis like this comes up they cannot do a deal that would show stability to the world. >> ronald reagan and tip o'neal made big deals. in the 1990s, bill clinton and the republican congress made big deals. and mika, it's not over yet, but it has gotten to the point already that this is damaging the reputation of the united states the longer it goes, and i think we're talking about it damaging our reputation more every day that the crisis goes on. >> i think both sides would agree with that. after a weekend of meetings resulting in yet another impasse, president obama is canceling two fundraisers today to continue negotiations. senate majority leader harry reid said the talks broke down last night because of the republicans insistence on a short-term deal, and their plan would cut $2.7 trillion over the next ten years. officials say it raises the debt ceiling but no tax increases. and he salaid out his latest solution. >> there will be a two-stage possible. it's not physically possible to do this in one step.
house back to the table, back to talking about something big. now, look, we still got a long ways to go. it's a weekend of sales jobs going on right now that actually began last night when the president had the congressional democratic leadership over to start talking turkey. so that brings us to the other sticking point, the actual substance. everybody has to figure out what to cut. this isn't going to be as easy as folks think and both sides are moving toward a deal that would include a trigger to assure mutually destructive politically when it comes to the two big items being kicked to committees or joint committees and that's still being figured out, tax and entitlements. one incentive plan would kill bush tax cuts for the rich and key portions of the new health care law if somehow the reforms for the tax code and social security and medicare weren't agreed to and implemented by january 1st, 2013. the question is, is the penalty on the bush tax cuts sort of the idea that you're kicking this down, is that going to be enough to assuage some democrats who believe there's too many cuts
with a balanced budget amendment. and it's going to be a big question mark as to how long mitch mcconnell will stay on that position and whether or not harry reid tables the boehner bill later today or tomorrow. there is no clear consensus on capitol hill over what they will do in order to raise the debt limit. there are ongoing negotiations between staffs, between mcconnell, reid, boehner all talking to some degree in unison. right now the gop wants to pursue the boehner plan which is a dead end in the united states senate. they're confident it's going to pass today. the rules committee meets at 12:50. john boehner said he was smiling as he left the meeting with his fellow members today, contessa. >> mike, let's go to you. we just found out from president obama's twitter page that he's even reiterating his request again for america people to call their lawmakers to demand a solution. the time for putting party first is over. if you want to see a bipartisan compromise let congress know. call, email, tweet and then he signs it barack obama. what's the white house hoping to accomplish by as
is not one of the big players in all of this. he has taken a role where he made is clear on the floor where he is fully supportive. he said what needed to be said. throw sug port there. but privately many other senators are telling us mccon sell working on a deal. mcconnell's aides say no, that's ce tnose things together, you get the sense where someone who thinks he can see the end game, thought i had it a while back and the opportunity for members of congress to disapprove a debt ceiling vote, which is part of the mechanics of hoop jumping legislatively is actually a plus for some tea party members who don't want to be on board right now. second ago, paul ducked under the camera to get to another location. he is another one i was thinking of. when you vote against the debt ceiling but give the president that authority that might be way for everybody to get what they want. it is of course too soon to see how it will factor out. but watching mix mcconnell, you will see someone who gets a sense of how things work and to see how he uses the power he earned all this time. >> chuck you first, w
big change in the miles per gallon for u.s. automakers. a hyche change. of course, the focus is on the debt talks. >>> you're watching "the daily rundown" only on msnbc. ooo whatcha got there? uh oh, sesame stir fry from lucky dynasty. oh, me too! but mine's lean cuisine, so no preservatives. [ female announcer ] lean cuisine has 90 dishes with no preservatives and quality ingredients like farm-picked broccoli and tender white meat chicken. lean cuisine. energy is being produced to power our lives. while energy developement comes with some risk, north america's natural gas producers are committed to safely and responsibly providing decades of cleaner burning energy for our country, drilling thousands of feet below fresh water sources within self contained well systems and using state of the art monitoring technologies, rigorous practices help ensure our operations are safe and clean for our communities and the environment we are america's natural gas. but when she got asthma, all i could do was worry ! specialists, lots of doctors, lots of advice... and my hands were full. i
the possibility of doing something bigger. >> look, here's where things stand. there are three different big deals out there. number one is what the president and speaker boehner and eric cantor are negotiating, which is, yes, a big deal that is separate from anything the gang of six in the senate is working on. and then of course there's mcconnell-reid. one thing that's going on in the last 24 to 48 hours, is any deal that's mcconnell-reid that includes this idea of sort of the disapproval vote, giving the president more power to raise the debt ceiling, that thing has grown to the point of almost being toxic with some house republicans. in fact, they hate it so much, they may prefer to negotiate with the president directly. but for the white house, getting the 217 means making a deal acceptable to at least some of those houses with 87 new members. the man who's made himself their standard bearer, majority leader eric cantor put it this way. >> one-third of the republican conference and one-quarter of the entire house of representatives are freshmen, they're new. many of them have never served in
as long as it's part of a big deal. yesterday, he called democratic leaders and later, republicans to the white house for more talks. gop leaders called those meetings productive. then there's the renewed gang of six plan, which offers a blueprint for a deal. >> devil is in the details. >> it doesn't have the stamp now of the committees on the house and senate side and that is going to be essential. >> but it has problems, too. some liberal members worry about its impact on social security and medicare, and the closed door meetings that led to the plan. >> we are an anti-gang group. we are trying to suppress the growth of gangs. we think that it is not healthy for washington. >> the negotiations could go down to the wire, with the nation's spending power hanging in the balance. >> it isn't perfect but when the alternative is we're going to drive this country over the cliff, i think we got to start with something that actually gets the job done. >> the one thing we've been committed to is getting a solution. >> mike, where do we stand? >> reporter: we're 14 days out. i just got an e
a long way. there's a big difference between requiring higher co-payments for a wealthy medicare recipients than saying everybody in medicare will pay $6500 more, which is the ryan plan. but president went that distance. and i think boehner went back it his caucus. he couldn't get the support. and so the speaker has now become a mouth piece for the tea party. and you're right and dana's right, i think in the end there has to be a deal, maybe there won't be, there has to be a deal, but it will come at the very last second. >> president may have said, let me throw it all on the table. let me rising everything. let me, as he said, show tough leadership. and they still wouldn't do it and maybe it was a chess move to show no matter what, this is about trying to bring a president down than to lift a nation up. could that have been the strategy, dana? >> you know, well, look, the president did give -- how much more could he have done? he gave the republicans everything they were looking for with the exception of saying, hey, come on, give me some face-saving gesture here. give me someth
connell and president obama needs to figure something out over the weekend. >> yeah. you know, luke, the big difference between the house gop plan and the senate democrat plan is that this balanced budget amendment, that's what the gop wants. beyond that, though, both plans seem to call for spending caps for special committees to find more deficit cuts. they almost seem similar, though, when i posed that to chuck todd, he was, like, yeah, but there are very important big points, and they're far apart on those. do you agree with that? it's one of those things which if you had approached this to a republican last year, they would have signed it in two seconds. the top leadership aides will admit that. to talk about the reid deal. what you see the similarities is trillion dollars in spending, spending caps. the two significant differences, though, are this. it's the balanced budget amendment that was added specifically because the tea party freshmen in the house wanted it in there, and on top of that, democrats do not want to go play for this process again in about six or sech months. they want this to go
. but there are two big things. most damaging of all, he was pressed several times on whether he had had any conversations with all of his various contacts and friends at rupert murdoch's company in the u.k. about a $12 billion attempt to buy out the reminder of bskyb, the big broadcaster over there. this was a deal that the british government has quasi-judicial authority to approve or deny. all he could say is he had no inappropriate conversations. he kept using that phrase. frankly, it didn't sound like the members of parliament really bought that line. the second thing, a really explosive claim, that someone in the senior government, a senior government official had been hacked and bugged while andy coulson was there. these kinds of allegations are -- they just keep cropping up every day and it doesn't look like this kind of statement or investigations are going to end any time soon. >> yeah, we could be early in the game at the moment. michael, i want to play some sound from yesterday's testimony, what we heard there in parliament. take a listen to this first. >> i don't know. i am now a
. the big question is there any relief in sight. alex wallace has an update. it's the duration that we're concerned about here. >> absolutely, you know if it was one or two days we could take it. we've complained but we can handle it. unfortunately we're talking about all the way through at least the end of next week having to deal with this heat and because of that we got excessive heat warns that stretch as you mentioned right in the mid-section of the country. already this morning out there for us we have very warm feel like temperatures, feels like right now this early morning in minneapolis, 91 degrees. we're only going get hotter as we get into this afternoon. sunday afternoon highs from texas all the way to the northern plains, triple-digit heat, rapid city dealing with that. once we work our way into monday, working with 100 in oklahoma city and start to to see some of this heat begin to spread its way to the east. some areas that are not too bad by the end of the week will feel pretty hot in a lot of those areas. we're tracking some rain. much needed rain along the gulf coast.
even though their plan is not as big as they wanted it to be, but a short time ago senate majority leader harry reid warned that the bill will be rejected in short order. >> as soon as the house completes the vote tonight or this afternoon, the senate will move to take up that message that they sent to us. it will be defeated. they know that. >> so, no word as of yet from the president today on the standoff. earlier today, press secretary jay carney said that any bill would have to absolutely extend the debt ceiling until 2013, and nbc's kristen welker joins me from the white house. also in the press briefing, jay carney said that the bill being worked on right now is d.o.a. when it reaches the senate. >> yes, that is right. hello, thomas. good afternoon to you. he said it is d.o.a. and 58 senators have said they will come out to vote against it and he reiterated the call that the white house is not going to get behind anything that is not a long-term increase of the debt ceiling. but you know, people have been pushing this on this saying that past presidents have increased the deb
the will of the house the go forward? >> indeed. that is one of the big m.o.s when he came into the house, and said so much hot air in the place, and let the people's voice be heard and it is the people's house, and they would be ultimately be heard, and he realizes the stakes on the debate of the debt, and if this is not out of the house of representatives, they have nowhere to go as a house of conference and it reflects poorly on his leadership to show that he cannot stop the influence of some of the most far right members of party who tried to undercut him and undercut members of defense by soliciting outside interest groups to get them to vote against the bay no bioehner bil. it is the march of the 216. >> and luke, loud mouth, thank you for the moment. can i come to the silver fox, mike viqueira. >> he is the silver fox. >> and you were at the press conference with jay carney and how was tlit? >> well, a 20th figure once said, we are seeing politics is the most gruesome effect. and this is sausage making up here. this thing is not going to be resolved today or tomorrow or this weekend and the two
with political philosophy in the house. as the debt line approaches and house republicans are going to have a big choice -- they picked this fight with the president for a reason, the debt limit is not going to be raised unless we do something on the deficit projections now and in to the future. but the problem with the house republicans is, they never answered affirmatively in a politically sa political politically saliable way what the a the answer should be. you have to have a plan that can pass both chambers and the president can sign. otherwise, you're talking past the other party. >> the question is, nicole, what is republican position right now? at the end of last week, we had republican leaders on in the house, guys i like very much personally. been a champion of paul ryan. back from the time i met him, in 1994. but we ask, what do you want? and their position was, it's not enough to close the tax loopholes. we've got to cut tax rates, income tax rates for individuals and corporations. that's not going to happen in 2011. they know it's not going to happen. i say, okay, let's say you got t
cuts and big structural change but something smaller more likely to help the country limp bat of the deadline and then maybe start talks for a broerd change for social programs and the tax base. but this is a dire circumstance because there is so much hope about the cooperation between the speaker,er ek cantor and the president, and geithner. a serious impasse. the president will be able to tell us more when he comes to the microphone. i was told the president received a phone call within the last half hour or so and hill leaders just hearing about it today as well. and a lengthy letter going out to house colleagues saying there was never a deal, it was never close and they are breaking this off. >> this could also be speaker boehner feeling the pressure of the tea party. >> certainly. >> -- caucus in the house. and clearly if he is saying that gang of six proposal, we certainly haven't confirmed it, this could be him having to bow to pressure in his own caucus from some of tea party freshmen and the like. >> everybody move could be looked at through a political lens. this cou
conducting it. >> nbc's luke russert is on capitol hill, where this is really moving very quickly. two big developments on both the house and the senate side. let's start at thb[at house, because we heard all these reports about members of the tea party coming out last night looking like they'd been pretty battered and most of them making the decision that they would not vote for the boehner bill. so, what's going on in the speaker's office this morning? >> reporter: as we speak now, chris, speaker john boehner and the rest of the gop leadership are meeting with the house republican conference over in the basement of the capitol, expected to be a very spirited meeting. the last three have been, trying to rally support, trying to garner support for this bill. obviously there wasn't enough of it last night, but from a gop aides that i've spoken to over the last few hours, we really expect this to be the full-on press thing, if we cannot pass this bill out of the united states house of representatives with only republican support, we lose all our leverage. we have no seat at the bargaining t
believes that the boehner problem is anything more than a big, wet kiss to the right wing. i mean the tea party. that's what i mean. it's too bad the caucus is run by so little people. >> when i asked the plan, the aids pointed to a speech. congress can't vote on a speech. a veto threat won't prevent default. >> we are urging the republicans to step back, put their party caucuses aside, put their pledges to grover norquist aside and put this country first. >> it's unfair from the president of the united states to lead from behind. it's unfair for the president of the united states not to come forward with a specific plan that, perhaps to be considered by both bodies, but only to go out and give lectures. >> we are not going to hold this country hostage to the tea party. those folks over there, about 80 of them, they pledged to grover norquist. i want to pledge allegiance to the united states of america. that's what we should be doing. >> good morning. it is thursday, july 28th. look at the beautiful shot of new york city. welcome to "morning joe." yes, with us on set -- >> look at him. >>
couple of days. here is the heat. this is the big story. high pressure continuing, it's been locked in all summer. sunshine, temperatures in the 100s. upper 90s around baltimore. monday, even on into tuesday. watch the numbers. 92, new york city on tuesday. and 110 in dallas. by tuesday afternoon that would make like day 32 in a row of 100-degree plus heat. and we'll continue to see the heat through the week. showers, thundershowers on radar through parts of new york state. and bigger clusters down through parts of carolinas. they'll continue to roll east. quiet weather basically in the northern tier of the u.s. and some showers and thundershowers across parts of the southeast today, once we get daytime heating. we keep the heat where it's been. >> okay, thank you so much. >>> miracle landing. a jet from new york crashes just short of a deep ravine, and everyone on board survives. jew you'll hear from a passenger. >>> will iran free the two american hikers held in tehran? they heed to their final trial today. >>> and the behind the scene negotiations on capitol hill. why are we seei
of higher than expected receipts, but they're going to have a couple big social security payments and interest payments due, so it's not entirely clear to the markets or to anybody else when treasury will exhaust its reserves. >> annie lowery, economic and business reporter for slate. >>> well, joining me from the hill now illinois republican congressman robert dold who serves on the financial services committee. representative dold, thanks for being here this morning. it's a busy day. >> thanks for having me. i appreciate it. >> i know, sir, that you supported john boehner's plan, but you say you would have voted for it without a budget balanced amendment. why are some of your colleagues saying they need that fully knowing it would not pass the senate? >> the number of my colleagues booef e plea of we have to change the way washington is working, so we've been grossly overspending for a long period of time. it's been happening on both sides of the aisle. it's a clear washington problem. american families have tightened their belt. american businesses have done the same. they shou
back to work. tonight, my commentary on how washington and big business need to start hiring. good to have you with us tonight, folks. it's an unbelievable day of news coming out of washington, d.c. house speaker john boehner, i guess you could say is finding out the hard way that a stiff drink and round of golf just isn't going to solve this problem. the speaker is politically hog-tied in his own caucus. he doesn't have the votes. the american people are now witnessing the hourglass being turned on the american economy. going to be a lot of losers if they don't get it together. disaster looms and the tea partiers just don't seem to give a damn. a vote on boehner's bill was scheduled for 6:15 tonight. it never happened. boehner is still trying to strong arm the tea party membership of his caucus into doing some kind of a deal to move it over to the senate. congressman louie gomer left boehner's office and said he was "a bloodied and beaten no." so what are we witnessing here right now, folks? this is a major victory for the tea partiers. them holding out and not falling prey to the
. there is -- there aren't that many big differences between the boehner plan and the reid plan other than one critical difference which is under john boehner's plan, we would be right back in this mess right at the holiday season, having this same debate, creating uncertainty in the economy at one of the most critical times for the economy, the holiday season. we don't want to do that. that's the wrong thing to do. that's not just the president's opinion. that's just not the opinion of independent financial analysts. that was actually john boehner's opinion and eric cantor's opinion just a few weeks ago when they were making the same case the president is making. >> true enough, but there is plenty of precedent for short-term debt ceiling limits being raised. aside from ruining all of our holidays, what's the damage in revisiting this six months from now? is the president really, when it comes down to it after the warning from all the big bankers, is he going to veto a short-term increase? >> there are two points. first is we are in a completely different situation now than we have ever been. there ha
administration. that's not unusual. and that's a big deal by the president only based on election cycles. that's not important. the more important thing, how do we get to the point where we send a message to the international community we're going to do what's necessary to put our house in order. >> do you get the sense that that's going to happen? >> oh think so, ultimately. you're seeing a lot of theatrics. everything kind of play out and the way it's going play out and not find where people really are until they have to be where, before this thing implodes and i don't think it's going to. i think you know, come tuesday, sometime during the day tuesday, we'll have something figured out. >> well, do you have any sense, play analyst, if you wouldn't mind, whether that's the boehner deal? is that your deal? where's the road map for that? >> it's some combination between what perry, reid and boehner agreed to last sunday, and working the politics and the votes out on that to get it to where it passes the house. the problem is, something will pass the senate. but it has to be snag will pass the h
depends on how big it it is then when it goes back to the house. >> is there enough time to get it together and actually pass something? >> you know, i think there is in washington time. it doesn't look like there is because of how slow things typically move, but this is very, very real, and when you're scheduling 1:00 a.m. cloture votes, they know the time is ticking. it's 85 hours and counting, and you know, they're going to have to get a deal because they see the consequences, not only economically, but politically. >> okay. as ridiculous as this may sound to some, was there ever a possibility about like a one-page document simply raising the debt ceiling and then dealing with the rest of this stuff when we don't have this, you know, deadline hanging over our heads of august 2nd? >> that's what the house republicans and sort of the tea party caucus would not go along with. remember, that was president obama's original position, raise the debt ceiling separate and then we'll deal with spending cuts later. but that is not being allowed by many in the tea party caucus because fr
, rational approach to it. markets, actually, if they know there's a big deal behind it will be quite -- wouldn't they, john heilemann? >> i think so. the time is tough right now. listen to harry reid and mitch mcconnell who know how the senate works and how long it takes to do the following things, to reform medicare and tax reform. they are things that typically can take many months to get done. >> isn't it a surprise? it wasn't a surprise the show started at 6:00 a.m. on the east coast. it's no surprise we have a deadline. >> to build the legislation is not something that can happen in the span of four or five days. you can't. the key issue is what obama will be wanting to see is the outlines of a deal where he has a good assurance the outlines of the deal can get past once the meat is put on the bones. if that's the case and the markets see that, everything will be fine. whether it's a few days extension or a couple weeks, it's going to take a lot to get to that point. there's no consensus on the house side among house republicans in favor of what the gang of six is doing. as we s
a picture for us about how a newspaper like news of the world goes about reporting on such a big story? what the level of the editor, deputy editor, senior reporters would be in putting together and overseeing the story? >> i think any big story. forrer the purpose of process most stories start out with the reporter. and that reporter may be being asked by the news editor to go and investigate a story or they may have brought information about a story from their own contacts to the news editor. it is at that stage in a newspaper where the reporter and news editor discuss the voracity of the information, go out and check the allegations, and come back with a more considered view. you can imagine that every newspaper gets a lot of information to the news desk and only percentage very small percentage makes it actually to publication. there are many layers from reporter to assistant news editor to news editor. finally this story will go to the back bench which will be the people that will oversee the stopping of that story and the subwill often talk to the reporter directly with questions and a
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